NCOC names Biz’s of Year
Novato's community bank of national recognition; a leader in U.S. equity asset management firms; and a bi-coastal real estate corporation innovating green technology at Hamilton – these are the business leaders of 2011. Circle Bank, Large Business of 2011; Hennessy Funds, Small Business of 2011 and Barker Pacific Group (BPG) Green Business of 2011, respectively, were honored Jan. 13 at the Novato Chamber of Commerce Board Installation Luncheon.
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Citigroup Renews Anchor Lease at One Sansome
SAN FRANCISCO-Citigroup has renewed as the anchor tenant at the 739,000-square-foot One Sansome St. tower, though the bank has dropped one floor in its lease at the building. The company now has another 11 years in 121,754 square feet, or seven floors, for its regional headquarters.
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Bayside Buys Interests in Bankrupt Multifamily
OAKLAND, CA-Bayside Communities LLC has acquired the general partner interests in 20 multifamily properties totaling 2,135 units that were part of bankrupt A.F. Evans Development Inc.'s affordable/senior housing portfolio. In addition, Bayside expects to acquire general partner interests in another 12 properties from the A.F. Evans portfolio as consents are obtained in the next few weeks. Bayside bought the interests directly from A.F. Evans as debtor in possession, for an undisclosed price.
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Barker JV Sees Potential in Former Sam's Club
LA QUINTA, CA-Barker Pacific Group and Urdang have acquired a 138,000-square-foot former Sam's Club building on 14 acres and see significant potential for leasing the space to other tenants.
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Taking off: Rare new homes rising from former Air Force Base
It's not common to find suburban-style master-planned communities in Marin County. Part of what makes the area one of the most expensive real estate markets in the country is that it has so much protected outdoor space and very few modern tract homes.
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Barker Pacific Affiliate Acquires 108k sf Self-Storage Facility in Santa Maria
Los Angeles-based real estate developer Barker Pacific Group (BPG), through its affiliate Union Development Company (UDC), acquired A-American Self Storage in Santa Maria, a 108.6k sf self-storage and RV storage facility. Located in the city of Santa Maria, in Santa Barbara County, the property was purchased for $4.5 mil from A-American/Santa Maria Storage Partners. The facility will be rebranded under UDC's Storage Solutions portfolio.
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Raising the Dead in San Francisco
A venture of Prudential Financial Inc. and Barker Pacific Group Inc. hopes a cash infusion of about $20 million is enough to bring a zombie office building in San Francisco back to life.
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Barker-Prudential JV Buys 719,000-SF Tower
SAN FRANCISCO-Barker Pacific Group and Prudential Real Estate Investors have formed a joint venture to assume ownership of the 719,000-square-foot class-A One Sansome Street tower, also known as Citigroup Center, with plans to enhance management services and make significant improvements to the public areas of the building, the JV says. BPG, which is acting as the property manager, took ownership of the property in a joint venture with Pru after former owner Broadway Partners turned the building back over to its lender—Prudental.
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Hamilton Field - From military base to home base
In just over 10 years the former air force base at Hamilton Field in Novato has transformed from a forgotten and run-down piece of land into a vibrant residential community as well as a location for some of the most cutting-edge businesses in the state.
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Barker Pacific Group acquires Rowland Plaza
NOVATO – In one of the only non-distressed property sales in California this year, Los Angeles-based real estate developer Barker Pacific Group purchased Rowland Plaza in Novato. Rockwood Capital LLC, a real estate investment company, is an equity partner in the acquisition.
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Supervisors honor Novato businesses, citizen of year
NOVATO-Marin County supervisors saluted three Novato businesses this week with resolutions for a job well done.
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